Summary
Trump warned automakers not to raise prices after announcing a 25% tariff on imported vehicles starting April 3, claiming the tariffs would be “great” and benefit U.S. manufacturing.
Industry leaders, including GM, Ford, and Stellantis CEOs, expressed concerns about inevitable price increases, with experts warning tariffs could add thousands to car costs.
Auto suppliers stated that absorbing tariffs is impossible, and dealers fear affordability challenges for consumers.
While the United Auto Workers union support the move as a job creator, trade groups predict higher prices and fewer manufacturing jobs.
For sure it’s a two part thing, but regardless of the increased cost of US cars due to other tariffs, the price will still include the opportunistic gaming US car companies will play based on the car tarrif trump is stupidly rotting with.
Conceivably the only benefit the auto tarrif will do is allow US companies try to remain competitive against foreign companies who won’t have to deal with the materials tariffs he’s stupidly straddling US companies with.